Searching for a desk..
Hey all, new guy here and I would like to say that I am happy to be a member.
My question is, I have been studying, practicing and just consuming as much information I can about intra-day trading and the market in general.
I live near Baltimore and was looking for possible desks to hopefully obtain a seat down the road, that is in a picture perfect world where I am actually pretty good at this trading thing.
I have looked all over for desks near Baltimore and D.C. And now that Chopper has closed, all I have found was FBR and DC Energy? Are there any other reputable Prop Firms near me, or will I be looking into hopping a train into Philly?
Again, I know this is down the road with the good chance of never happening, however I would like to know if a firm does exist for me. Training and mentors are obviously important to me, so remote trading with the Likes of remote trade firms is something I am wary of to say the least.
If there are no solid desks outside of Chicago and NYC, which remote firm (the main 4) supplies there traders with the strongest support and training?
Thanks for your time in advance everyone, I truly appreciate the assistance!
Also, anyone headed to NYC for the expo next weekend?
-K
Lol what you are asking is the impossible. First off, FBR isn't a day trading shop... Not even close... You have absolutely no experience trading on an institutional level, you can't just knock on their door and expect to get a seat. You just named three different firms that has a COMPLETE DIFFERENT BUSINESS MODEL... DC Energy, Chopper Trading (No Longer Exist) and FBR are in a different business in trading. In all respect, after what I just read, you don't even know what you want. It's not just about clicking buy and sell at these firms.
My advice... Go to a solid school and choose your major wisely... If you can't get into a good school, go to a community college and work your ass off and transfer to a good school. Land a summer analyst position or an internship. You gotta understand, there are different functions of trading... You gotta start from the bottom... like every 99% of people in this business.
You're asking WAYYY too much with little to offer.
Thanks for the reply and I agree, I have a lot to learn.. but don't we all. I understand that FBR, prop shops, and D.C. Energy are totally different. I was simply pointing out the limited exposure this area has to the markets as a whole. Chopper being the last prop firm, there are none that I know of at the moment.
I also understand that it is not a "knock on the door and get a seat" endeavor. Nothing worthwhile in life ever is. I am not a child and I have a degree. I have also been accepted into tier 1 B schools, however do not believe the ROI of an MBA in regards to finance is worthwhile.
I also understand that we all must start at the bottom and I am completely fine with and willing to do so. If you would like to point me in the direction of solid training/mentorships, as well as firms near my location or insight on remote trading; I would be extremely thankful.
Thanks again for taking the time to pass on your thoughts, it is much appreciated.
Take care,
K
Dude, do u just realized uve said u have been accepted into Tier 1 MBA programs..But decided not to go because u don't think its worth it? so u are telling us that u studied for ur GMAT, had numerous professional recommendations, spent countless hours preparing, paid hundreds of dollars in applications fees, and then just decided after u have been accepted that its not worth it?
This is just sad. U have a lot to learn kid
Process wasn't nearly as daunting as you believe it to be, but ok champ.. whatever you say.
I see that immense amount of "wisdom" and assistance is to be found on this forum.. I should have known.
ur an idiot lol i feel like this has to be a prank
And help me understand how applying and getting into schools such as wharton, harvard, yale, stanford is done with ease? u just said it isn't nearly as daunting as I think. They are the most selective schools in the world and ur leading us to believe that the process was far from daunting and u just easily applied and got accepted?
legit if ur smart enough to get into those schools, there is absolutely no way ur posting on WSO asking this ridiculous question. this has to be a prank.
Dino, go home and get ur fucking shine box
You're a punk.. but respect for the goodfellas quote.
SMB has an education program that you might enjoy.
There are no firms that take somebody who knows nothing and has no pedigree, and teaches them how to trade, while paying you a salary. This makes no sense.
There are firms that hire a small handful of junior traders and train them...but to get into those firms, you have to prove that you are the "best of the best" which includes going to a top college, majoring in a STEM field, getting top marks, all while demonstrating a passion for finance, and having good networking skills.
If you are fully committed to this path, then you will not limit your search to Baltimore. If you are unwilling to relocate, then i would question your dedication to this career path. Its not for everybody. Nobody owes you anything.
If you just want to be a trader...then you can just go open a futures account with a retail broker and trade the mini futures contracts (some with margin under 1k per contract, such as 5yr treasury futures, micro FX futures, mini aggs, etc...) and voilla...you are a trader.
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